Finisar Q3, Guidance Roughly In Line

By Teresa Rivas

Finisar (FNSR) was logging gains after the bell, following its third-quarter earnings report, but then reversed and was in the red at recent check.

Finisar said it earned 44 cents a share, in line with analysts’ expectations. Revenue of $294 million was just below the consensus estimate of $299 million.

For the fourth quarter, Finisar says it expects to earn between 38 cents and 42 cents a share on revenue between $290 million and $305 million. Analysts are modeling for earnings per share of 40 cents on revenue of $297 million.

The company got upgrade from Jefferies last month and was rumored to be a Cisco (CSCO) takeover target.

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.